Russia to Boost Primorsk Urals Oil Shipments 17% in January
Russia plans to increase crude shipments from the Baltic port of Primorsk and the Black Sea port of Novorossiysk in January, a preliminary loading program shows. Exports from Ust-Luga are set to fall.
A total of 5.4 million metric tons will be shipped from Primorsk in 54 lots, according to the schedule obtained by Bloomberg News. That’s up 17 percent from a revised 4.605 million tons in December.
Novorossiysk will handle 3.235 million tons in January, up 5.4 percent from a revised 3.069 million tons this month. Next month’s plan includes two 80,000 ton cargoes of Siberian Light and 29 lots of Urals blend.
There are 16 shipments of Urals totaling 1.6 million tons planned from Ust-Luga on the Baltic Sea, according to the program, down from 1.8 million tons this month. There is one free position at the port in the January program.
December loadings at Primorsk were reduced by 100,000 tons after OAO Transneft didn’t fill a slot for loading Dec. 29 to Dec. 30, two people who participate in the market said today. A free position for loading Dec. 23 to Dec. 24 was taken by OAO Surgutneftegas, they said, asking not to be identified because the information is confidential.
Separately, OAO Lukoil canceled two Urals cargoes of 100,000 tons from Primorsk and Royal Dutch Shell Plc annulled an 80,000 ton cargo of Urals from Novorossiysk, two traders with knowledge of the matter said on Dec. 10, also requesting anonymity.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.
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